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Learning from experience is an effective way to increase one's knowledge and abilities. Experience is a very valuable source of learning, because through experience one can understand how something works or how something happens. Learning from experience also helps one to avoid the same mistakes in the future. For example, if someone has lost money due to poor financial monitoring, they can learn from the experience and develop better habits for managing their finances in the future.
In addition, learning from experience can also help a person to be more responsive to changes and unexpected situations. For example, if a person has lost his job because he was not prepared for a changing economy, he can learn from that experience and develop the ability to be more responsive to future changes. Learning from experience is an effective way to develop one's abilities and become better prepared to face future challenges. Therefore, it is very important to continue to learn from the experiences we have passed and apply them in our daily lives.
i know, many of us have gained great knowledge or experience in 2022, whatever you have got in difficult years don't forget to give respect to God, family, friends and great people around you, be personal better and more respectable for years to come, believe me you deserve to be the best person for yourself, throw away all the nonsense thoughts emitted from your troubled environment, inappropriate me & you live to suffer, we are the work great ever created by God and forever we will be the best for ourselves.
2022 is the "Year of crypto" for me, the year in which I have learned many valuable lessons in the cryptocurrency space, it is true that I have heard of crypto a few years ago but I have never done a single action in the crypto space, for example I have known crypto about in 2018 at the same time I got to know steemit but at that time I never had an account on a crypto exchange that I could do for transactions, such as buying and selling and other great things, I never tried, but in 2022 I'm really serious about exploring this space, studying money loops to why people buy crypto, I got a lot of interesting facts in the cryptocurrency space.
for those of you who are hearing crypto for the first time, the small review below is yours, for those of you who are familiar skip & continue surfing;
Cryptocurrency is a digital currency that uses blockchain technology to validate transactions and maintain their integrity. Blockchain is a distributed network of millions of computers connected online, each of which keeps a complete copy of transaction records. When someone makes a transaction with cryptocurrency, the transaction is sent to the blockchain network to be validated by a network of connected computers. Once a transaction is validated, it is added to a transaction record that is evenly distributed across the network, which makes it difficult to amend or ignore the transaction.
The first known cryptocurrency was Bitcoin, which was launched in 2009. Since then, many other cryptocurrencies have appeared, each offering different features and targeting different markets. Some of the other popular cryptocurrencies include Ethereum, Litecoin, and Ripple. The use of cryptocurrency is still limited at this point, but it has become increasingly popular as the popularity of blockchain technology has increased. Cryptocurrency is also often used as an investment asset, with prices that tend to fluctuate. However, as with any investment, investing in cryptocurrencies comes with risks associated with price volatility and security.
the reason I studied more deeply about crypto makes perfect sense, I studied crypto because of "PROFITS" I don't care about opinions or anything other than the potential profits that I will get and this is also what makes me invest my time 8 hours a day in crypto.
around the end year of 2018 I wrote about cardano in steemit and there I discussed that Cardano is a type of coin that has good potential for the future, but unfortunately I never bought it at that time just writing based on some analysis from the number of enthusiasts in my country Indonesia, and in 2021 I was very surprised when I saw the value of cardano was in ATH all time, I really regret never learning how to buy cardano when I wrote about it in steemit, and for that reason that made me start 2022 to learn about crypto, I signed up for Houbi global and Indodax.
I learned crypto like a traveler in the dark with only a small lantern in hand, meaning i didn't have a mentor who guided me step by step in buying a crypto for profit as expected, i started in houbi global by buying some coins that are currently dump, and every day I look for coins that dump 50% more and on average I get a profit of (5% -8% 3 Day) of the total capital I have, I'm really excited about doing this, indeed the profit is not big but it can make me smiling all day.
because i don't have a mentor who is a professional in crypto space i can't finally tell the difference between "dump vs crash", i always assume that crypto goes down for only a few days and then it will reverse direction and of course it will make me profit, but it is not always true, bad luck is not in the calendar, stupidity always makes us slip & fall, LUNA collapse made me bankrupt in crypto space, all profits that I have accumulated months have all vanished with LUNA (LUNC now), I bought Luna at a price varies from as high as $7 and as low as $0.1. this is the biggest & most valuable lesson for me, I have understood one thing that "crypto is like climbing" there is a time to go up and there is a time to go down.
if today you start buying crypto, please don't do it because of the Influencers of you'r Following on social media.
from 2017-2022 i noticed only two years were great moments in the crypto space where all coins were at ATH throughout i.e. 2017 & 2021, if we take this as a basic guideline for buying crypto then i predict 2024 all coins will go back to ATH and you have to sell all the assets you have, and after the coin is at the top you have to be patient not to buy crypto greedily because it will make you poor, if you want to get rich in crypto you have to prepare a lot of money in the bear market as it is now, you have to be patient for a few years until the moment arrives.
All the experiences i have had in 2022 with crypto have been really fun, i have known "when should i buy & when should i sell", it's true like the words that we all are familiar with "knowledge is not available above tables for free" there are some parts that we have to pay to get, if you have the desire to dive into the world of crypto fantasy, here are some points I can share with you;
- Analysis
if you want to invest in crypto then the first point you should do is analyze the project you want to touch, don't do everything blindly it will cost you.
- Be patient
Patience is the most important attitude when you are in the crypto space, it doesn't always go your way, there are times when your money increases and there are times when it decreases, because crypto is 100% volatile.
- Mentors
find someone you can make as your role model, avoid influencers from social media like Twitter, Facebook, YouTube etc.
I think only these three points are very important to have when in the crypto space, again don't buy crypto blindly because it will kill your finances, no one out there will be responsible for your losses other than yourself yourself, a lot of people are excited in a bull market and also a lot of people are frustrated in a bear market, so being patient in all circumstances will make you the best version of yourself.
I hope you find the information useful and help you understand more about the crypto world. Always remember to do your research and understand the risks associated with investing in crypto before deciding to buy or sell digital currencies. Good luck in all your crypto activities!
thank you very much for visiting my blog, that's a little review on today's topic, see you all in the next post with a different topic.